Enbridge Inc. (NYSE:ENB – Get Free Report) (TSE:ENB) was the target of unusually large options trading on Wednesday. Stock investors bought 20,216 put options on the stock. This is an increase of approximately 1,036% compared to the typical daily volume of 1,779 put options.
Institutional Investors Weigh In On Enbridge
Several large investors have recently made changes to their positions in ENB. BOK Financial Private Wealth Inc. acquired a new position in Enbridge in the 4th quarter worth $25,000. Baystate Wealth Management LLC lifted its holdings in shares of Enbridge by 836.4% in the fourth quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 644 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of Enbridge during the fourth quarter worth about $28,000. TruNorth Capital Management LLC bought a new position in shares of Enbridge during the second quarter worth about $28,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in Enbridge in the 1st quarter valued at approximately $29,000. Institutional investors own 54.60% of the company’s stock.
Enbridge Stock Performance
ENB stock opened at $36.33 on Friday. Enbridge has a 1-year low of $31.03 and a 1-year high of $38.37. The company has a current ratio of 0.68, a quick ratio of 0.59 and a debt-to-equity ratio of 1.35. The firm has a market cap of $79.11 billion, a PE ratio of 18.44, a P/E/G ratio of 3.40 and a beta of 0.92. The business’s 50-day moving average price is $35.83 and its two-hundred day moving average price is $35.63.
Enbridge Company Profile
Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
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